BNB shows strong recovery momentum after defending key support, raising the question of whether a new all-time high could be on the horizon.
Binance Coin (BNB) has continued its bullish momentum after rebounding from the $825 support zone, with the price now trading near $860. The surge represents a 28% rise in recent weeks, sparking renewed optimism among traders who are watching for signs of another all-time high (ATH).
The 4-hour chart highlights how BNB successfully defended the green demand zone around $825–$830, a region where buyers previously stepped in with strength. From there, the token climbed steadily, pushing back toward the red resistance near $875.
“The resilience of BNB at the $825 level confirms ongoing accumulation by market participants,” According to BITX market analyst. “If momentum persists, the token could challenge its previous highs, though the $875–$880 resistance remains a short-term hurdle.”
Immediate support for BNB lies in the $825–$830 zone, followed by deeper cushions around $750 and $675. On the upside, the $875 resistance is the crucial barrier that traders are closely monitoring. A confirmed breakout above this level could trigger a swift rally toward the $900–$950 range, with the potential to test new highs if market sentiment stays positive.
Technical outlook
BNB’s surge has been accompanied by strong trading volumes, underscoring genuine interest from both retail and institutional participants. Analysts also point to the breakout from a descending channel pattern earlier in June as the foundation for the ongoing uptrend.
“As long as BNB remains above $825, the bullish structure is intact,” another trader noted. “A decisive close beyond $875 could mark the start of a fresh leg higher.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.